All entries for Friday 18 March 2011

March 18, 2011

RDM– Brining together MBE

RDM was different. The module gave MBE the opportunity to work together as a whole rather than as MBE- A or B. It was an opportunity to interact and work with MBE students that we had hadn't previously worked with. I am in MBE-B and I knew my little seminar class of 24 students so well. I was extremely comfortable working with any of these 24 students as I was quite familiar with their working styles. But RDM required us to break out of this tiny shell that we had created for ourselves over the last few months. I must say it was quite exciting yet challenging.

I was looking forward to working with new people  but at the same time I was quite skeptical as well.  Especially since my group had majority of the pople I hadn't previously worked with I wasn't too much at ease at first. I wasn't too familiar with the nature of the people I was going to work with and it required me to break out of my comfort zone. However, too my great astonishment working within this team was quite a learning experience. I had a fantastic team and I was comfortable within few minutes of the start of our first meeting itself. Ofcourse we had our 'Eureka' moments and some  some rought times as well but regardless it all eneded up in something constructive. I had the opprotunity to work with some very smart, , responsible and efficient team members. There was so much I learning invovled. Their dedication and passion towards the goal was admirable.

I look back at the transition that has happened over the days during the RDM module. From being resistant to change to the one now embracing change and ofcourse not to forget the ongoing learning process that has been taking place simultaneously. But then again I wonder have I really embraced the change or has the change integrated itself with time. Am I back in the comfort zone? Will I experience the same emotions and go through the same process if I am given a new set of people to work with? Because change is inevitable. Anyhow, I must praise Jeff for desinging the module in a mannder that gave way to new opportunities and new learnign experiences.

RDM– Quaitative aspects

Being an accounting and finance graduate I admit its quiet hard to embrace and accpet qualitative aspects of decision making. Three years of undergraduate in acf had trained me to make  judgments solely on the basis of cost and benefit relationships. Anything with a postitive and the highest npv is the best decisions. Anything with the maximum risk also gives the maximum return. But RDB goes much beyond this. It taught me how finance is fundamental but yet only a small part of the broad and extensive decision making that companies have to undertake. You can't always be a risk taker and believe that you will end up making maximum profits by that approach. We do have to keep in mind that we our an organsiation with a number of stakeholders including our employees and a single wrong decision can put their job at stake.

RDM has actually infused in me a new way of approaching robust decision making. Making judgements purely on the financial aspects is never the right approach, unlike my previous thinking on decision making. I always believed that profits are the best way to judge the viability of a decisions. But in the long run, its all the different combined qualitative and quantitative aspects that make up the best decision that leads an organisation towards achieving its vision.

RDM– The journey of an intutive thinker to a rational being

There is a perfect rationale for every decision that we make and this is something I was hardly aware of.

I am an impuslive decision maker, I make decisions based on my intutions and feeling rather than logic. Over the days I've realised that there are actually perfectly logical means and methods that exist which can aid our decision making and are applicable even in our day to day life. . These decision tools are not only limited to an organsiation but anywhere and everywhere. For example, a simple Paired comparison can help me set my priorities right, or even help me shop :P or I can actually easily measure different scenarios for a situation by simply constructing a decision tree. Now I actually believe the decision tools can wisely and logically help us measure the impact of many decisions that we make in our lives prior to even making those decisions. First when I saw the presentation question on day 1 of the lecture, I never thought we'll be able to do as much justice to the question as we have by the end of this week. At first, I thought that these decisions tools are so subjective but now I've realised that as we go on to research and collect data, we can actually make a definite and successful analysis which are not even biased. As a result of this, I can finally that decision tools are actually so helpful and widely applicable. 

From being an intutive, impulsive decision maker to a more sort out, rational and planned decision maker has been quite a learning experience. What a journey! This makes me reflect upon the first day of RDM lecture when Jeff presented the very interesting slides on common sense. I can finally conclude that common sense is actually not that common. MBE has taught me so much. Every module is a turning point. MBE is actually not just a course, its a way of thinking, a way to live your life :)

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